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Morgans Reaffirms Their Buy Rating on South32 (S32)

Tipranks - Tipranks - Tue Apr 14, 12:58AM CDT

In a report released today, Adrian Prendergast from Morgans maintained a Buy rating on South32, with a price target of A$5.10.

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According to TipRanks, Prendergast is a 5-star analyst with an average return of 19.5% and a 62.09% success rate. Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Santos Limited, and Beach Energy .

The word on The Street in general, suggests a Strong Buy analyst consensus rating for South32 with a p265.91 average price target.

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Based on South32’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$2.86 billion and a net profit of A$451.14 million. In comparison, last year the company earned a revenue of A$3.19 billion and had a net profit of A$360 million

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